Crude oil price drops by 10%, threatens 2017 budget

By Udeme Akpan LAGOS— Crude oil price has dropped by 10 per cent in the international market as a result of excess supply and speculation, thus constituting a new threat to the generation of adequate funds for the implementation of Nigeria’s N7.28 trillion 2017 budget.
Crude oil price, which stood at over $50 a fortnight ago, crashed to $45 per barrel, yesterday, following increased lull in the market.
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